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TCS
TATA CONSULTANCY SERV LT

3876.3 35.40 (0.92%)


Strike  3360  has a total call value of 0  versus a total put value of  121,510,900,000 Combined total value = 121,510,900,000

Strike  3380  has a total call value of 0  versus a total put value of  116,540,200,000 Combined total value = 116,540,200,000

Strike  3400  has a total call value of 0  versus a total put value of  111,569,500,000 Combined total value = 111,569,500,000

Strike  3420  has a total call value of 0  versus a total put value of  106,642,900,000 Combined total value = 106,642,900,000

Strike  3440  has a total call value of 0  versus a total put value of  101,716,300,000 Combined total value = 101,716,300,000

Strike  3460  has a total call value of 0  versus a total put value of  96,791,800,000 Combined total value = 96,791,800,000

Strike  3480  has a total call value of 0  versus a total put value of  91,867,300,000 Combined total value = 91,867,300,000

Strike  3500  has a total call value of 0  versus a total put value of  86,942,800,000 Combined total value = 86,942,800,000

Strike  3520  has a total call value of 0  versus a total put value of  82,018,300,000 Combined total value = 82,018,300,000

Strike  3540  has a total call value of 700,000  versus a total put value of  77,333,200,000 Combined total value = 77,333,900,000

Strike  3560  has a total call value of 1,400,000  versus a total put value of  72,648,100,000 Combined total value = 72,649,500,000

Strike  3580  has a total call value of 2,100,000  versus a total put value of  67,977,700,000 Combined total value = 67,979,800,000

Strike  3600  has a total call value of 2,800,000  versus a total put value of  63,307,300,000 Combined total value = 63,310,100,000

Strike  3620  has a total call value of 40,250,000  versus a total put value of  59,074,750,000 Combined total value = 59,115,000,000

Strike  3640  has a total call value of 77,700,000  versus a total put value of  54,861,100,000 Combined total value = 54,938,800,000

Strike  3660  has a total call value of 115,150,000  versus a total put value of  50,665,650,000 Combined total value = 50,780,800,000

Strike  3680  has a total call value of 197,400,000  versus a total put value of  46,497,850,000 Combined total value = 46,695,250,000

Strike  3700  has a total call value of 279,650,000  versus a total put value of  42,367,850,000 Combined total value = 42,647,500,000

Strike  3720  has a total call value of 499,450,000  versus a total put value of  38,665,550,000 Combined total value = 39,165,000,000

Strike  3740  has a total call value of 750,750,000  versus a total put value of  35,129,150,000 Combined total value = 35,879,900,000

Strike  3760  has a total call value of 1,005,200,000  versus a total put value of  31,618,650,000 Combined total value = 32,623,850,000

Strike  3780  has a total call value of 1,270,150,000  versus a total put value of  28,155,050,000 Combined total value = 29,425,200,000

Strike  3800  has a total call value of 1,535,100,000  versus a total put value of  24,720,500,000 Combined total value = 26,255,600,000

Strike  3820  has a total call value of 2,020,550,000  versus a total put value of  22,148,700,000 Combined total value = 24,169,250,000

Strike  3840  has a total call value of 2,517,200,000  versus a total put value of  19,611,200,000 Combined total value = 22,128,400,000

Strike  3860  has a total call value of 3,048,850,000  versus a total put value of  17,130,400,000 Combined total value = 20,179,250,000

Strike  3880  has a total call value of 3,638,600,000  versus a total put value of  14,849,800,000 Combined total value = 18,488,400,000

Strike  3900  has a total call value of 4,305,000,000  versus a total put value of  12,644,450,000 Combined total value = 16,949,450,000

Strike  3920  has a total call value of 5,694,850,000  versus a total put value of  11,063,500,000 Combined total value = 16,758,350,000

Strike  3940  has a total call value of 7,246,050,000  versus a total put value of  9,522,450,000 Combined total value = 16,768,500,000

Strike  3960  has a total call value of 8,896,300,000  versus a total put value of  8,092,000,000 Combined total value = 16,988,300,000

Strike  3980  has a total call value of 10,617,950,000  versus a total put value of  6,708,100,000 Combined total value = 17,326,050,000

Strike  4000  has a total call value of 12,483,100,000  versus a total put value of  5,357,450,000 Combined total value = 17,840,550,000

Strike  4020  has a total call value of 16,018,800,000  versus a total put value of  4,708,900,000 Combined total value = 20,727,700,000

Strike  4040  has a total call value of 19,598,600,000  versus a total put value of  4,072,250,000 Combined total value = 23,670,850,000

Strike  4060  has a total call value of 23,238,600,000  versus a total put value of  3,449,250,000 Combined total value = 26,687,850,000

Strike  4080  has a total call value of 26,939,850,000  versus a total put value of  2,826,250,000 Combined total value = 29,766,100,000

Strike  4100  has a total call value of 30,683,800,000  versus a total put value of  2,203,250,000 Combined total value = 32,887,050,000

Strike  4120  has a total call value of 35,347,900,000  versus a total put value of  1,863,400,000 Combined total value = 37,211,300,000

Strike  4140  has a total call value of 40,049,450,000  versus a total put value of  1,548,050,000 Combined total value = 41,597,500,000

Strike  4160  has a total call value of 44,813,650,000  versus a total put value of  1,232,700,000 Combined total value = 46,046,350,000

Strike  4180  has a total call value of 49,693,000,000  versus a total put value of  917,350,000 Combined total value = 50,610,350,000

Strike  4200  has a total call value of 54,610,150,000  versus a total put value of  602,000,000 Combined total value = 55,212,150,000

Strike  4220  has a total call value of 60,720,100,000  versus a total put value of  511,350,000 Combined total value = 61,231,450,000

Strike  4240  has a total call value of 66,855,950,000  versus a total put value of  420,700,000 Combined total value = 67,276,650,000

Strike  4260  has a total call value of 73,024,700,000  versus a total put value of  330,050,000 Combined total value = 73,354,750,000

Strike  4280  has a total call value of 79,215,500,000  versus a total put value of  239,400,000 Combined total value = 79,454,900,000

Strike  4300  has a total call value of 85,421,700,000  versus a total put value of  148,750,000 Combined total value = 85,570,450,000

Strike  4320  has a total call value of 92,205,400,000  versus a total put value of  121,800,000 Combined total value = 92,327,200,000

Strike  4340  has a total call value of 99,007,650,000  versus a total put value of  94,850,000 Combined total value = 99,102,500,000

Strike  4360  has a total call value of 105,810,600,000  versus a total put value of  67,900,000 Combined total value = 105,878,500,000

Strike  4380  has a total call value of 112,613,550,000  versus a total put value of  40,950,000 Combined total value = 112,654,500,000

Strike  4400  has a total call value of 119,416,500,000  versus a total put value of  14,000,000 Combined total value = 119,430,500,000

Strike  4420  has a total call value of 126,663,250,000  versus a total put value of  12,600,000 Combined total value = 126,675,850,000

Strike  4440  has a total call value of 133,912,800,000  versus a total put value of  11,200,000 Combined total value = 133,924,000,000

Strike  4460  has a total call value of 141,166,900,000  versus a total put value of  9,800,000 Combined total value = 141,176,700,000

Strike  4480  has a total call value of 148,421,000,000  versus a total put value of  8,400,000 Combined total value = 148,429,400,000

Strike  4500  has a total call value of 155,700,650,000  versus a total put value of  7,000,000 Combined total value = 155,707,650,000

Strike  4520  has a total call value of 162,980,300,000  versus a total put value of  5,600,000 Combined total value = 162,985,900,000

Strike  4540  has a total call value of 170,309,300,000  versus a total put value of  4,200,000 Combined total value = 170,313,500,000

Strike  4560  has a total call value of 177,638,300,000  versus a total put value of  2,800,000 Combined total value = 177,641,100,000

Strike  4580  has a total call value of 184,974,300,000  versus a total put value of  1,400,000 Combined total value = 184,975,700,000

Strike  4600  has a total call value of 192,310,300,000  versus a total put value of  0 Combined total value = 192,310,300,000

Strike  4620  has a total call value of 199,744,300,000  versus a total put value of  0 Combined total value = 199,744,300,000

Strike  4640  has a total call value of 207,178,300,000  versus a total put value of  0 Combined total value = 207,178,300,000

Strike  4660  has a total call value of 214,629,800,000  versus a total put value of  0 Combined total value = 214,629,800,000

Strike  4680  has a total call value of 222,081,300,000  versus a total put value of  0 Combined total value = 222,081,300,000

Max Pain - Choose a symbol



What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.